Third tranche of sovereign gold bond today

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To cash in on the surge in buying gold during the festive season, the government will launch the next tranche of sovereign gold bond today.

The bonds will be sold through banks, designated post offices and recognised stock exchanges NSE and BSE. The SBG offers an alternative to owning gold in the physical form, which eliminates the risks and costs of storage.

According to State Bank of India, investors are assured of the market value of gold at the time of maturity and periodical interest with scheme. SGB is free from issues like making charges and purity in the case of gold in jewellery form. The bonds are held in the books of the RBI or in Demat form eliminating risk of loss of scrip etc.